Walter Dale Crossley Jr. of Merritt Island Florida a stockbroker currently registered with Raymond James Financial Services is the subject of a customer initiated investment related arbitration claim where the customer sought $1,519,773.22 in damages founded on accusations that the customer’s account was administered negligently; fiduciary duties had been violated; and the customer’s funds had been misappropriated. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00027 (Jan. 8, 2019).
FINRA Public Disclosure confirms that Crossley has been identified in two additional customer initiated investment related disputes that concern allegations of his misconduct while employed with Equitable Life. Specifically, a customer initiated investment related complaint concerning Crossley’s activities was resolved for $10,078.82 in damages based upon accusations that false or misleading statements had been made concerning the amount of premium payments that the customer would be required to make in order to keep the customer’s variable life insurance policy in force.
In addition, Crossley is referenced in a customer initiated investment related complaint in which the customer requested $7,500.00 in damages supported by allegations that during the period in which Crossley was associated with Raymond James Financial Services Inc., stock positions had been sold from the customer’s account without authorization and the proceeds were placed in First Trust Target Focus Unit Investment Trust without the customer’s permission.
Crossley has been registered with Raymond James Financial Services Inc. since February 13, 2003.
